Glaukos Corp (GKOS)

Return on equity (ROE)

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Net income (ttm)	US$ in thousands	-134,661	-129,342	-126,474	-139,198	-99,195	-89,607	-55,801	-27,747	-49,593	-38,369	-60,347	-82,759	-120,348	-73,119	-70,877	-37,292	15,424	-19,378	-12,493	-11,582
Total stockholders’ equity	US$ in thousands	461,766	477,659	488,811	508,514	530,005	548,554	562,477	597,564	587,151	601,049	584,325	589,774	667,449	661,563	662,424	641,299	673,272	190,116	187,805	185,489
ROE		-29.16%	-27.08%	-25.87%	-27.37%	-18.72%	-16.34%	-9.92%	-4.64%	-8.45%	-6.38%	-10.33%	-14.03%	-18.03%	-11.05%	-10.70%	-5.82%	2.29%	-10.19%	-6.65%	-6.24%

December 31, 2023 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $-134,661K ÷ $461,766K
= -29.16%

Glaukos Corporation's return on equity (ROE) has shown a declining trend over the past eight quarters, ranging from -29.16% in Q4 2023 to -4.64% in Q1 2022. This indicates that the company is not effectively utilizing its equity to generate profits for shareholders. The negative ROE values suggest that the company's net income is insufficient to cover the equity invested by shareholders.

The significant decrease in ROE from -4.64% in Q1 2022 to -25.87% in Q2 2023 reflects a deterioration in the company's profitability and efficiency in utilizing its equity. The downward trend in ROE over the quarters may be a cause for concern as it indicates a lack of profitability and efficiency in generating returns for shareholders relative to the equity invested in the company.

It is important for Glaukos Corporation to assess and address the factors contributing to the declining ROE in order to improve its financial performance and enhance shareholder value in the future. This may involve strategies to increase profitability, improve operational efficiency, or optimize the capital structure to enhance ROE.